Teacher Retirement System of Texas Buys 50,605 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Teacher Retirement System of Texas grew its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 99.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,627 shares of the company's stock after acquiring an additional 50,605 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of National Beverage worth $4,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIZZ. Covestor Ltd boosted its holdings in shares of National Beverage by 14.3% in the fourth quarter. Covestor Ltd now owns 2,994 shares of the company's stock worth $128,000 after buying an additional 375 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares during the last quarter. Cetera Investment Advisers grew its position in shares of National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock valued at $242,000 after acquiring an additional 425 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of National Beverage by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock worth $570,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their target price on National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research report on Monday.

National Beverage Trading Down 1.6%

NASDAQ FIZZ traded down $0.71 on Friday, reaching $44.27. 140,633 shares of the stock were exchanged, compared to its average volume of 176,959. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.01. The firm has a market capitalization of $4.14 billion, a PE ratio of 22.14 and a beta of 0.81. The company's 50-day simple moving average is $44.63 and its two-hundred day simple moving average is $42.82.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The company had revenue of $313.63 million for the quarter, compared to analysts' expectations of $303.26 million. During the same quarter in the previous year, the company earned $0.47 EPS.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the transaction, the director owned 62,408 shares of the company's stock, valued at $2,708,507.20. This represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 74.80% of the stock is currently owned by company insiders.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.